The Libertarian case for wealth in the USA being an illusion

The Libertarian case for wealth in the USA being an illusion

PostBy: lsayre On: Sun Dec 15, 2013 7:41 am

If you don't have tangible assets such as a farm or a business your wealth is only an illusion. Here's why: http://mises.org/daily/6593/
lsayre
 
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Re: The Libertarian case for wealth in the USA being an illusion

PostBy: jpete On: Sun Dec 15, 2013 9:59 am

I would suggest that if you are paying property tax on that farm or business, your wealth is still only an illusion.

You are the manager for a government owned entity. Nothing more.
jpete
 
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Re: The Libertarian case for wealth in the USA being an illusion

PostBy: lsayre On: Sun Dec 15, 2013 10:41 am

I think the greatest shocks will come when we reach the inevitable stage of negative population growth. Things are only worth what you can sell them for. What happens to even tangible assets like a home or a business or a farm when we suddenly have more homes than people, more malls than people to shop in them, more restaurants than people to eat in them, more Wal-Mart's than employees to work in them (let alone people to shop in them), etc...?

Is it possible that from this perspective even capitalism itself has been merely a Ponzi like illusion fueled by what once seemed as if it would be never ending population growth? I.E. ever more people endlessly needing to consume ever more stuff. Can capitalism survive in a world of declining population growth? I say it can, but not in a society fueled by a currency that by its nature has to endlessly inflate in volume and deflate in value.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Blaschak Anthracite Pea
Other Heating: Resistance Boiler (13.5 KW)